Martin Russell, executive director of the Warren County Port Authority, said the county is excited to build on its partnership with the online giant.
» WATCH: Amazon’s new shopping concept means never waiting in lines
“Amazon’s commitment to Warren County and all of Southwest Ohio will afford those seeking employment with great opportunity. With Warren County’s prime location at the center of the U.S. market, we look forward to partnering with Amazon as they continue to grow their business here and globally,” he said.
The Ohio Tax Credit Authority approved a 1.39 percent, 10-year tax credit for the Amazon facility that is expected to create $26.7 million in new payroll and be a $30 million fixed-asset investment. The tax credit starts in January. As part of the tax credit agreement, the Ohio Tax Credit Authority says Amazon will have to maintain operations at the Monroe location for at least 13 years.
» RELATED: Amazon to add 1,000 jobs at Monroe location
The online retail giant also announced last week that it’s also searching for a location for its second U.S. headquarters. Amazon said on Thursday that it plans to open a second headquarters in North America that will cost $5 billion to build and operate. It will house around 50,000 employees.
“In addition to Amazon’s direct hiring and investment, construction and ongoing operation of Amazon HQ2 is expected to create tens of thousands of additional jobs and tens of billions of dollars in additional investment in the surrounding community,” the company said in a statement.
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